Redaptive announces $137.4 million inaugural equipment finance asset-backed securitization for data center capex.

Redaptive, a leading energy solutions company, has closed its inaugural equipment finance asset-backed securitization (ABS), totaling approximately $137.4 million. The transaction, Redaptive Equipment Issuer 2026-1, LLC (RDAP 2026-EQ1), is structured and led by ATLAS SP Partners as sole structuring agent and bookrunner. ATLAS is the warehouse finance and securitized products business majority owned by Apollo funds.

This is Redaptive's second ABS, following the company's inaugural $216 million Energy-as-a-Service (EaaS) ABS that closed in December 2025. Unlike that transaction, which was backed by Redaptive's EaaS contracts, this securitization is backed by a diversified pool of mid to large-ticket equipment finance contracts spanning transportation, energy efficiency, marine, material handling, construction, power generation, manufacturing, and IT assets. The portfolio serves commercial and industrial customers across multiple industries and geographies.

"This transaction represents another milestone in Redaptive's capital formation strategy behind our energy solutions platform," said Matt Gembrin, Chief Investment Officer of Redaptive. "The structure of this equipment finance securitization allows us to bring a pool of equipment finance contracts to the capital markets, extending the scalable model we've built for financing infrastructure at scale. This transaction further validates our data-driven approach to underwriting and our ability to deliver reliable, performance-backed returns to investors."

Equipment finance ABS packages verified equipment finance payment streams into portfolios, offering investors exposure to infrastructure-like cash flows. Redaptive's pool reflects the company's underwriting and servicing model, encompassing credit review, collateral analysis, and ongoing portfolio monitoring.

"Redaptive has built a differentiated equipment finance platform, and we are proud to have been an early supporter of the company's growth," said Thomas Pai, Managing Director and Head of Auto and Equipment Origination at ATLAS. "This transaction demonstrates the strength of Redaptive's business and ATLAS's expertise in helping high-quality, first-time issuers access the ABS markets. We look forward to continuing to support Redaptive's growth and long-term success."

The transaction has been rated by DBRS Morningstar.